From the World Travel Awards to "Conde Nast Traveler" magazine's annual Gold List, experts keep a close eye on developments in the market and have found luxury hotels on all seven continents. And here are the top 5 luxurious hotels in the world:

1. Grand Hotel Europe

Grand Hotel Europe is the leading luxurious hotel in the world. Located at Nevsky Prospekt, Mikhailovskaya Ulitsa 1/7, 191186 St. Petersburg, Russia. Positioned adjacent to Arts Square, the hotel has strong associations with the worlds of theatre, music and dance. Past guests include Tchaikovsky and Pavarotti, crowned heads and world leaders.

2. Chewton Glen

Chewton Glen is the next leading luxurious hotel in the world. Located at New Milton, New Forest, Hampshire BH25 6QS, England, UK. Chewton Glen is a privately owned Luxury Country House Hotel & Spa located in England on the edge of the historic New Forest National Park and within walking distance of the sea and easy reach of Christchurch, Bournemouth and Southampton.

3. Thanda Private Game Reserve

Thanda Private Game Reserve is third on the list. Located at D242, Off N2 Bayala Road, Hluhluwe 3960, South Africa. Thanda Private Game Reserve is South Africa’s top award-winning safari destination and is situated in northern Zululand, in close proximity to the Indian Ocean.

4. Burj Al Arab

Burj Al Arab in the fourth place. Located at Off Jumeirah Beach Road, Umm Suqeim, Dubai, United Arab Emirates. Situated in Dubai’s Jumeirah Beach strip, 15 km from the main city centre and 25 km from Dubai International Airport. Designed to resemble a billowing sail, Burj Al Arab soars to a height of 321 metres, dominating the Dubai skyline. Illuminated at night by choreographed lighting representing water and fire.

5. Emirates Palace

Emirates Palace in fifth place. Located at Sheikh Zayed Road, Abu Dhabi, United Arab Emirates.Emirates Palace is the ideal address for business/leisure requirements during your stay in Abu Dhabi.